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Question: Investigate the factors behind economic growth in Hong Kong and Singapore; determine the two factors that affect economic growth are capital deepening and technological progress.Which of these methods of encouraging growth would you suggest to a newly industrialized economy?
Explain why user cost, or scarcity rent, arises in the intertemporal allocation of a depletable resource such as minerals, and some types of energy and aquifer water resources.
Suppose you own a home remodelling company. You are currently earning short-run profits. The home remodelling industry is an increasing-cost industry. In the long run, what do you expect will happen to
The year is 2007, and the price elasticity of driving on Dulles Toll Road is 1.6. The owners of Dulles Toll Road raise the cost of a one way trip to $8.50.
Graph these data using "dollars" on the vertical axis and "quantity" on the horizontal axis. At what output is revenue maximized?
In October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4%.
If increased government spending and tax cuts were equally effective in stimulating aggregate demand, which fiscal tool would you select? Why?
You are to be part of a panel of three local person considered to have experience in international business.
Describe why population growth has such a negative impact on economic growth in Malthusian and Neoclassical growth models.
Obtain the market clearing price and quantity. Under the assumption of profit and maximization , how much output should the representative firm produce?
Illustrate what performance percentage would you use to trigger executive bonuses for that year. Explain why. What issues would arise with the hiring and retaining the best managers.
Should the company invest in new plants, equipment, or technologies. Should the firm consider a merger with another company. Explain your reasoning.
Elucidate how have these policies affected the prices of the product the industry produces?
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